Brokers expect Paycom Software, Inc. (NYSE: PAYC) to report quarterly sales of $343.26 million

Wall Street analysts expect Paycom Software, Inc. (NYSE: PAYC – Get a rating) will post sales of $343.26 million for the current fiscal quarter, Zacks reports. Eight analysts provided earnings estimates for Paycom Software. The highest sales estimate is $344.00 million and the lowest is $342.93 million. Paycom Software reported sales of $272.20 million in the same quarter last year, indicating a positive year-over-year growth rate of 26.1%. The company is expected to announce its next quarterly earnings report on Tuesday, May 3.

According to Zacks, analysts expect Paycom Software to report annual sales of $1.32 billion for the current fiscal year, with estimates ranging from $1.31 billion to $1.32 billion. For next year, analysts expect the company to record sales of $1.62 billion, with estimates ranging from $1.61 billion to $1.63 billion. Zacks sales averages are an average based on a survey of sell-side research analysts who cover Paycom Software.

Paycom software (NYSE: PAYC – Get a rating) last released its quarterly earnings data on Tuesday, February 8. The software maker reported earnings per share of $1.11 for the quarter, beating consensus analyst estimates of $1.08 by $0.03. Paycom Software achieved a net margin of 17.31% and a return on equity of 22.57%. The company posted revenue of $284.99 million for the quarter, versus analyst estimates of $275.84 million. During the same period last year, the company earned earnings per share of $0.41. The company’s quarterly revenue increased 29.0% compared to the same quarter last year.

(A d)

This technology gives doctors the ability to make massive breakthroughs in the human body… And investors the chance to seize huge opportunities…

PAYC has been the subject of a number of recent research reports. Barclays lowered its price target on Paycom Software shares from $392.00 to $380.00 and set an “equal weight” rating on the stock in a Thursday, January 20 research note. Zacks Investment Research downgraded Paycom Software shares from a “hold” rating to a “sell” rating and set a target price of $360.00 for the company. in a report on Friday, January 14. Mizuho raised its price target on Paycom Software shares from $325.00 to $350.00 and gave the company a “neutral” rating in a Wednesday, Feb. 9 report. Wolfe Research raised its price target on Paycom Software shares from $450.00 to $550.00 and gave the company an “outperform” rating in a Wednesday, Nov. 3, report. Finally, BMO Capital Markets assumed coverage for Paycom Software shares in a report on Tuesday, February 1. They set a “market performance” rating and a price target of $335.00 for the company. One financial analyst has assigned the stock a sell rating, four have issued a hold rating and nine have assigned the stock a buy rating. According to MarketBeat.com, Paycom Software currently has a consensus rating of “Buy” and an average price target of $433.21.

Institutional investors and hedge funds have recently been buying and selling shares of the company. JNBA Financial Advisors bought a new position in Paycom Software stock in the third quarter worth about $26,000. West Oak Capital LLC bought a new position in Paycom Software stock in the third quarter worth about $27,000. Allworth Financial LP increased its position in Paycom Software shares by 59.0% in the third quarter. Allworth Financial LP now owns 62 shares of the software maker valued at $31,000 after acquiring 23 additional shares during the period. Destiny Wealth Partners LLC bought a new position in Paycom Software stock in the third quarter worth approximately $33,000. Finally, First Quadrant LP CA bought a new position in Paycom Software stock in the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 72.78% of the company’s shares.

Paycom Software stock opened at $335.64 on Friday. Paycom Software has a 1 year minimum of $296.68 and a 1 year maximum of $558.97. The company has a market cap of $20.21 billion, a price-to-earnings ratio of 113.78, a growth price-to-earnings ratio of 3.05, and a beta of 1.45. The company’s fifty-day moving average price is $353.54 and its two-hundred-day moving average price is $437.55. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt ratio of 0.03.

About Paycom Software (Get a rating)

Paycom Software, Inc provides comprehensive cloud-based human capital management (HCM) software solutions delivered as software as a service. It provides features and data analytics businesses need to manage the full employment lifecycle, from recruitment to retirement. Its solutions require virtually no customization and are based on a central system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management. , payroll, talent management and human resource management applications.

Read more

Get a Free Copy of Zacks Research Report on Paycom Software (PAYC)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Revenue history and estimates for Paycom software (NYSE: PAYC)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Paycom software right now?

Before you consider Paycom Software, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Paycom Software wasn’t on the list.

Although Paycom Software currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here